Thanks HACKITOFF
I have few question regarding form 6251 (AMT)
I got red error message (I think it is due from 1116 as it was NOT there before I choose to credit for foreign Income Tax paid.
Part 2.
A- Is this first year Foreign Tax credit was claimed? NOT sure
B- Elect to use Simplied AMT foreign Tax Credit Limitation this year -- YES or NO
Someone else was doing my taxes in Past. I think I remember seeing form 1116 being used in my Tax return. I am NOT sure which year and what box they clicked.
I read online if you click yes then you can't go back and change it. Not sure pros and cons of either YES or NO? Any input please?
